Fishman Jay A Ltd. MI Sells 16,159 Shares of GXO Logistics, Inc. (NYSE:GXO)

Fishman Jay A Ltd. MI trimmed its holdings in GXO Logistics, Inc. (NYSE:GXO) by 25.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,243 shares of the company’s stock after selling 16,159 shares during the period. Fishman Jay A Ltd. MI’s holdings in GXO Logistics were worth $2,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. CWM LLC lifted its stake in shares of GXO Logistics by 13.8% during the 3rd quarter. CWM LLC now owns 1,961 shares of the company’s stock worth $102,000 after buying an additional 238 shares during the last quarter. UMB Bank n.a. lifted its position in GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after acquiring an additional 331 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its holdings in shares of GXO Logistics by 5.7% during the third quarter. Foster Victor Wealth Advisors LLC now owns 109,437 shares of the company’s stock worth $5,570,000 after acquiring an additional 5,877 shares during the period. Sumitomo Life Insurance Co. grew its position in shares of GXO Logistics by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 18,735 shares of the company’s stock valued at $976,000 after purchasing an additional 504 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new position in shares of GXO Logistics during the third quarter worth approximately $201,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GXO. UBS Group boosted their price target on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their target price for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Oppenheimer raised their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Barclays dropped their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group decreased their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $63.46.

GXO Logistics Stock Performance

NYSE GXO opened at $43.02 on Wednesday. The firm’s 50 day simple moving average is $45.04 and its 200 day simple moving average is $51.13. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 47.80, a P/E/G ratio of 1.19 and a beta of 1.60. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics, Inc. has a 1 year low of $41.38 and a 1 year high of $63.33.

About GXO Logistics

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.